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CASE STUDY
Guidewire, a global provider of technology solutions to property-and-casualty insurance and workers’-compensation insurers

Guidewire delivers software to run core insurance operations, including billing, underwriting, policy administration and claim management.

Background:

Founded in 2001, Guidewire initially focused on helping insurers modernize their business processes, improve customer service and reduce system-maintenance costs by replacing legacy mainframe systems that had been in use at these companies for decades.

Today, Guidewire combines its digital and core software capabilities with analytics and AI to deliver its platform as a cloud service. More than 400 insurers, from new companies to the largest and most complex in the world, run on Guidewire.

Battery had longstanding relationships with many of the company’s founders and executive team members, including founding CEO John Raguin, who was an early employee at Battery-backed SupplierMarket. In 2007, Battery led a growth investment in Guidewire.

Outcome:

Guidewire went public in January 2012 (NYSE: GWRE). John Raguin served as an executive-in-residence at Battery Ventures from 2011-2013.

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The presented case study investment was made in particular economic and market conditions. There can be no assurance that Battery Venture would elect, or be able, to exploit similar opportunities in a similar manner under similar or different economic and market conditions. More generally, there can be no assurances that the Battery vehicles will have comparable investment opportunities in the future. No assumptions should be made that any investments identified above were profitable. It should not be assumed that recommendations made in the future will be profitable or comparable to the portfolio company described in this case study. For a full list of all Battery Ventures investments, please click here.

Details
Focus area
Application Software
INVESTED
2007
STATUS
NYSE: GWRE
Location
San Mateo, California
STAGE
Growth
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